Business

IDX to introduce new trading
system

JAKARTA: After two delays, the Indonesia Stock Exchange (IDX) will next month run a new trading system that will enable it to record more transactions in a day.

IDX director for information technology Bastian Purnama said Wednesday the new system, called Jakarta Automatic Trading System (JATS) - Next Generation, would be launched on March 2. The launch was initially planned for Dec. 1 last year and then for Feb. 16 this year.

The new system, he said, would have the capability to receive up to 1 million transactions per day, four times more than the existing equipment. It is also equipped with stronger infrastructure back up so it would provide greater protection in the event of any disruption .

In August last year, the IDX system hit problems due to internal connection errors, forcing the stock market to stop trading for more than one hour.

Bastian said that IDX spent Rp 45 billion (US$ 3.8 milion) on the installation of the new system. - JP

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